Property Overview
421 Queenston Street is a 1,390 sqft home built in 1947, situated on a 4,309 sqft lot in Winnipeg's North River Heights neighbourhood. Its current assessed value is $388,000.
Key Characteristics & Appeal
This home presents a practical opportunity in a well-regarded, established neighbourhood. Its primary appeal lies in its value positioning. The assessed value is notably below the average for both Queenston Street and North River Heights overall, suggesting a potentially more accessible entry point into this area. The living space is modest but functional, closely aligning with the Winnipeg citywide average for comparable homes.
The property suits first-time buyers or downsizers seeking a character home in a mature neighbourhood without the premium price tag often associated with the area. It also appeals to value-oriented investors or homeowners comfortable with a home of this vintage, who may see potential in updates or appreciate the stability of an older build. A thoughtful perspective is that while the lot size is smaller than many in North River Heights, it remains manageable and could offer lower maintenance—a benefit for those seeking a established neighbourhood feel without extensive yard work.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home sold for between $300,000 and $350,000 in late 2017. Its current assessed value of $388,000 is higher, which is common as assessments aim to reflect market value over time. The previous sale price indicates it has been a more affordable option on the street.
2. Is the living space smaller than other homes nearby?
Yes, at 1,390 sqft, it is somewhat smaller than the immediate area averages (approx. 1,540-1,598 sqft). However, it is very close to the citywide average for comparable homes (1,342 sqft), indicating a efficient, manageable footprint.
3. What does the "below average" assessed value ranking mean?
Rankings in the 79th-89th percentile mean the assessed value is lower than 79-89% of comparable properties on the street and in the neighbourhood. This doesn't imply a problem; it often highlights a value opportunity or a more modestly appraised property in a desirable area.
4. Are there concerns with a home built in 1947?
As with any home of this age, the condition of major systems (roof, plumbing, wiring) and potential for outdated materials should be verified through a professional inspection. That said, it was built in a period of solid construction, and its build year is actually newer than many in North River Heights.
5. How can I get the exact historical sale price?
The site provides sold price ranges for general reference. To obtain the exact sale price and full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.